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Ondo Finance’s tokenized US stocks and ETFs can now be bridged to Hyperliquid’s HyperEVM using LayerZero’s cross-chain messaging protocol. The integration supports transfers from both Ethereum and BNB Chain, with an initial batch of 35 assets, including SPY, QQQ, NVDA, TSLA, and GOOGL.
The bridge allows traders to pair spot positions in tokenized stocks with perpetual futures contracts on the same platform. This supports basis trading strategies that aim to profit from the price gap between spot and futures, as well as delta-neutral hedging, where directional exposure is offset while still targeting yield.
Melt Finance and Felix Protocol are already building on top of the integration, with the goal of providing enhanced on-chain equity exposure for their users.
Ondo currently holds more than 70% market share among equity token issuers. On May 11, 2026, its Global Markets platform surpassed $1B in total value locked (TVL). The milestone was reached in less than eight months since launch, making it the first tokenized stock platform to hit the billion-dollar TVL mark.
The Hyperliquid bridge builds on Ondo’s existing cross-chain work with LayerZero, which previously connected its assets between Ethereum and BNB Chain. The new integration adds a third destination.
Ondo also reported regulatory approvals in 30 EU and EEA countries.
Cross-chain interoperability is increasingly competitive within crypto infrastructure. Chainlink’s CCIP is often cited as an alternative with stronger security guarantees, while LayerZero has been winning deals in part due to faster integration timelines—described as enabling live deployment without months of custom engineering.
For DeFi traders, the immediate benefit is on-chain access to equity exposure without leaving the ecosystem. The article describes a strategy in which a trader can hold tokenized SPY, short SPY perpetuals, and capture the funding rate differential within a single environment.
The risk considerations are described as significant. Tokenized stocks can create dependency on the issuer’s ability to maintain proper backing and redemption mechanisms. The article also notes that cross-chain bridges remain among the most attacked surfaces in crypto, and that regulatory conditions can change even in jurisdictions where approvals have been granted.
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